Apple blew the financial world's collective mind once again with the company's third quarter earnings female-dog slapping analysts' estimates once again. How is it possible that a company who makes actual consumer products (leave hedge funds and consumer finance out of this) can actually make this much money without some screwy-louie accounting?

As we announced at WWDC, we have a lot going on in the fall with the introduction of iOS 5 and iCloud. We also have a future product transition that we're not going to talk about today, and these things will impact our September quarter. - Oppenheimer

Unless and individual has been locked in their basement Hannibal-Lector-style for the last 6 months the "future product transition" Oppenheimer is referring to is the next iPhone. Anticipation of the device is likely to stave off sales of current iPhone's this quarter as users wait for the new devices release.

It seems this is as close as we're going to get to Apple confirming the next iPhone's existence and release before the product actually launches alongside iOS 5 this fall. Oppenheimer also told investors to look for more content to appear in iTunes and across iOS platforms this fall stating "We have some neat stuff coming."

definitely laughed at the 'female dog slapping' but anyways, so the way it was said... is it insinuating an August announcement and a September release date? I'm itching for a new Apple product already